Agenda Text
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Requesting an appropriation and authorization to borrow $11,318,094 in a bond for the Spring Hill Sewer Separation Project and drainage improvements.
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Official Text
To the Honorable City Council:
I hereby request, subject to the approval of your Honorable City Council, an appropriation in the amount of $11,318,094 in order to finance the Spring Hill Sewer Separation Project and Drainage Improvements. To meet said appropriation, the Treasurer will be authorized to borrow $11,318,094 as provided by MGL Chapter 44.
This is a Union Square DIF Project. Debt service shall be paid from the Sewer Enterprise Fund.
My staff will be available to answer any questions you may have. Thank you for your consideration of this matter.
Respectfully,
Joseph A. Curtatone, Mayor